FX:GBPUSD   British Pound / U.S. Dollar
After a long time of being indecisive and not providing clearer opportunities. The market created divergence and dropped, at first in a corrective manner, then finally went volatile after the shooting star candlestick influenced the distribution phase break out. Mitigation occurred and a buying opportunity was created, however, the market was sluggish on Friday, the bullish move was worse than expected, to add to that, 4h is still looking bullish. Should this move persist, then the first target is the 4h breaker block. How price reacts from there will determine whether we continue to reach the 1.23418 target or price will drop massively…

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.